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515 New Scotland Ave
Albany, NY 12208 New Scotland


Apartments For Sale  •  3,099 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 3,099 Sq Ft
  • Lot Size 0.3 ac
  • Year Built 1947
  • Cap Rate 7.50 %
43 Transit Score
56 Walk Score


Rare 5 unit investment property in prime location with off street parking! 3 one bedrooms, 1 two bedroom and 1 studio.Walking distance to St. Peters, shops, restaurants and more. Great rental history with stable tenants. New asphalt shingle roof 2017, updated electrical 2012, 5 new gasboilers 2011, vinyl replacement windows throughout. Owner pays for hot water, tenants pay for heat, electric and cooking gas. Large lot, potential to pave and add moreparking and/or garages to rent out.


close to hospitals
close to resaurants
great layouts

Property Flyers

Financial Summary

Cap Rate: 7.50 %

Public Transportation

Albany International Airport 21 min - 11.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Pete Tryon 518-598-4000 Madison Park Realty
Pete Tryon 518-598-4000 Madison Park Realty